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Page added on June 15, 2015
Argentina’s Oil Output Up Yr/Yr
Argentina’s oil output rose in April thanks to increased production by state-controlled energy company YPF, the government said on Monday, marking the first year-on-year monthly increase in 2015.
YPF, taken over by the government in 2012, is Argentina’s biggest energy company. The state seized control of YPF after accusing its previous parent company, Spain’s Repsol, of underinvesting in production.
Argentina’s overall crude output rose 3.6 percent in April versus April 2014 to 2.54 million cubic meters, according to data published on the website of Argentina’s energy secretariat. The overall production increase was driven by a 9.1 percent jump in YPF output to 1.07 million cubic meters, the statement said.
Argentina’s natural gas output rose 8 percent in April to 3.52 billion cubic meters, pushed by an 18.4 percent increase in production by YPF to 1.07 billion cubic meters, it said.
3 Comments on "Argentina’s Oil Output Up Yr/Yr"
Plantagenet on Mon, 15th Jun 2015 3:40 pm
Interesting that Argentina’s oil output is up, in spite of the oil glut.
I wonder if the TOS production from the Vaca Muerte is starting to kick in?
GregT on Mon, 15th Jun 2015 4:47 pm
Argentinian oil production peaked and has been in decline since 1998. Argentina is a now a net importer of oil.
demián on Mon, 15th Jun 2015 5:53 pm
We wrote an article about Argentina (in Spanish here)…
http://crashoil.blogspot.com.ar/2015/02/argentina-de-su-pico-del-petroleo-al.html
(you can see the graphics if you don’t read spanish)
We had our energy peak in 2007.. now we are in the limit of exports/imports of oil, but we are now importing gas (we were exporters both oil and gas).
The gobernment put too much money in Vaca Muerta (can’t fail) but we don’t know if is profitable…
This year is our President change and the others will have to think in next four years…